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OPERATIONS
MANAGEMENT
EMB 108
Answer any five questions
Q. 1. What are the Operations Management
Decisions?
Answer:Operations management is an area of management concerned with overseeing,
designing, and controlling the process of production and redesigning business
operations in the production of goods or services. It involves the responsibility
of ensuring that business operations are efficient in terms of using as few
resources as needed, and effective in terms of meeting customer requirements.
It is concerned with managing the process that converts inputs (in the forms of
raw materials, labor, and energy) into outputs (in the form of goods and/or
services). The relationship of operations management to senior management in
Q. 2. Explain Causal forecasting models.
Answer:Forecasting is the process of making predictions of the future based on
past and present data and analysis of trends. A commonplace example might be
estimation of some variable of interest at some specified future date.
Prediction is a similar, but more general term. Both might refer to formal
statistical methods employing time series, cross-sectional or longitudinal
data, or alternatively to less formal judgmental methods. Usage can differ
between areas of application: for example, in hydrology, the terms
"forecast" and "forecasting" are sometimes reserved for
estimates of values at certain specific future times, while the term
"prediction" is used for more general estimates, such as the number
of times floods will occur over a long period.
Q. 3. Explain Techniques to study current
process and proposed changes.
Answer:
Q. 4. Explain calculating a load-distance
score
Answer:The load-distance method is a mathematical model used to evaluate
locations based on proximity factors. The objective is to select a location
that minimizes the total weighted loads moving into and out of the facility.
The distance between two points is expressed by assigning the points to grid
coordinates on a map. An alternative approach is to use time rather than
distance.
DISTANCE MEASURES
Suppose that a new warehouse is to be located
to serve Delhi. It will receive inbound shipments from several suppliers,
including one in Ghaziabad. If the new warehouse were located at Gurgaon, what
would be the distance between the two facilities? If shipments travel by truck,
the distance depends on the highway system and the specific route taken.
Computer software is available for calculating the actual mileage between any
two locations
Q. 5. Explain Production order quantity
model
Answer:A production planning model with stochastic demand, constant defective
rate and capacity constraint is developed to analyse the production problem of
a chocolate milk manufacturer. The model is proven to possess an optimal
solution under the given conditions. An optimal production plan is established
for the firm, which is shown to be superior to the present production plan. The
sensitivity analysis performed on the optimal solution provides useful insights
on the inventory control and capacity requirement decisions of the firm.
Economic production quantity (EPQ) is the
quantity of
Q. 6. What is Supply -chain management?
Answer:Supply chain management (SCM) is the management of the flow of goods and
services. It includes the movement and storage of raw materials,
work-in-process inventory, and finished goods from point of origin to point of
consumption. Interconnected or interlinked networks, channels and node
businesses are involved in the provision of products and services required by
end customers in a supply chain. Supply chain management has been defined as
the "design, planning, execution, control, and monitoring of supply chain
activities with the objective of creating net value, building a competitive infrastructure,
leveraging worldwide logistics, synchronizing supply with demand and measuring
performance globally."
Dear
students get fully solved assignments
Send
your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
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us at : 08263069601
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